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Ankit Metal & Power CoC Approves Resolution Plan with 89.79% Majority
Ankit Metal & Power Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), has reached a major milestone. During the 34th Meeting of the Committee of Creditors (CoC), two resolution plans were put to a vote. One of these plans has been officially approved by a significant majority of 89.79% of the CoC. This approval, concluded via e-voting on January 20, 2026, moves the company closer to a final resolution under the Insolvency and Bankruptcy Code.
Key Highlights
34th Meeting of the Committee of Creditors (CoC) successfully convened on January 6, 2026.
E-voting for the resolution plans concluded on January 20, 2026.
One of the two competing Resolution Plans was approved by a requisite majority of 89.79%.
The process is being managed by Resolution Professional Sanjeev Kumar Jalan under IBBI regulations.
💼 Action for Investors
Investors should remain highly cautious as resolution plans under CIRP often result in significant equity dilution or delisting for existing shareholders. Monitor for upcoming announcements regarding the specific terms of the plan and final approval from the NCLT.